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Thursday, April 3, 2025

New policy to revive stalled housing projects in HCMC

The Saigon Times

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HCMC – Two new decrees just issued by the central Government will allow HCMC resolve the bottlenecks faced by 343 commercial housing projects of less than 20 hectares each that lack residential land within their project sites.

At a meeting on the city’s socio-economic performance held today, April 2, Nguyen Toan Thang, director of the HCMC Department of Natural Resources and Environment, said that on April 1, the two Government decrees would help the city remove land-related bottlenecks and let long-delayed projects proceed.

The first, Decree No. 75/2025/ND-CP, details the implementation of National Assembly Resolution No. 171, which allows commercial housing projects to be developed on land acquired through agreements on land-use rights transfers.

The decree permits investors to negotiate to acquire agricultural or non-agricultural land, including commercial service land, that is not designated as residential land, as well as other land within the same plot, to develop commercial housing projects. The provincial-level People’s Committee will review and approve land-use rights transfers for real estate businesses.

Thang said initial statistics show that HCMC has 343 commercial housing projects that occupy less than 20 hectares of land and lack residential land.

“Without this pilot decree, all these projects would remain stuck. Developers would be unable to proceed with investment approvals, zoning adjustments, or project implementation,” he said.

The pilot policy, which will be in effect for five years, provides a significant resource for the city to advance its commercial housing projects, he added.

The second key policy, Decree No. 76/2025/ND-CP, elaborates on National Assembly Resolution No. 170, which introduces special mechanisms to address legal issues surrounding real estate projects and land involved in inspection findings, audits, and court rulings in HCMC, Danang, and Khanh Hoa Province.

For HCMC, the decree will help resolve legal entanglements for three projects: the 30.2-hectare Water Bay in Binh Khanh Ward, Thu Duc City, the 30.1-hectare Lakeview City project in Nam Rach Chiec, and The Tresor at 39-39B Ben Van Don Street in District 4.

“These projects have all been subject to inspection, auditing, and even investigation. Without this decree, we would be unable to resolve their legal status or issue ownership certificates for homebuyers,” Thang said.

If the policy is later expanded to include more projects, it could help clear legal hurdles for many long-stalled real estate developments in the city.

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